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American Morning

America Recovers: 'Fortune''s Andy Serwer Discusses Chances for Consumer Confidence I

Aired September 25, 2001 - 09:30   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
PAULA ZAHN, CNN ANCHOR: Let's quickly check in with Andy Serwer of "Fortune" magazine, to give us some insight as to how the futures trading might affect the outlook for today.

Good morning, again.

ANDY SERWER, "FORTUNE": Good morning.

We, obviously, are coming off just a wonderful day yesterday. Just what we all needed. A very nice rebound. And we made up about 25 percent of the previous week's horrible losses.

Japan was strong overnight, up about 1.4 percent.

The European markets are mixed to up, about 1 percent.

The futures have been sort of all over the board this morning, but slightly up.

So I think we will have kind of a volatile session today, Paula, but maybe up a little bit. I think what traders are really looking for right here is a day that is not a roller-coaster ride, in other words, a day that is not up or down 300 or 400 points. If it's either up or down 100 points, I think there will be some relief. It's like a bouncing ball coming to rest.

ZAHN: Which stocks, which companies should we be keeping an eye on today that might give us some indication of how today may play out?

SERWER: I think we'll be looking at AOL Time Warner, the parent company of this network, which late yesterday announced it wouldn't be meeting its projections. That was widely anticipated on Wall Street, but still, I think there will be some weakness there.

Coca-Cola, on the other hand, affirmed that it would be meeting its numbers, and it's up a little bit in Europe. Those are two stocks to look at.

ZAHN: Andy, stand by.

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